Jungheinrich to Buy Storage Solutions

Jungheinrich AG has signed a share purchase agreement with Merit Capital Partners, MFG Partners and the management of Storage Solutions for the acquisition of 100% of the share capital in the Indiana-based Storage Solutions group.

• Storage Solutions is a provider of racking and warehouse automation solutions in the U.S., and represents enhanced access to the attractive U.S. warehousing and automation market.

Storage Solutions, headquartered in Westfield, Indiana, is a U.S. warehouse design, automation, and integration company with 170 employees and 45 years of experience in delivering turnkey, best-fit solutions to customers.

Based on a technology-agnostic business model, the company has achieved a strong position in the attractive U.S. warehousing market, which benefits from robust long-term growth dynamics. It offers unique vertically integrated service lines with in-house logistics and installation teams, ensuring on-time project completion and providing value-added services, including workflow optimization, engineering, and permitting.

Jungheinrich AG will acquire 100% of the share capital in the Indiana-based Storage Solutions group.

Kevin Rowles, CEO, Storage Solutions, said: “We see a perfect match of two highly complementary businesses, and we share similar values. I am convinced that together we will take our business to the next level – for the benefit of our customers, our employees, and our company.

“Storage Solutions has established solid capabilities in racking as well as automation and digitalization. Our strong position in the U.S. warehousing market today is based on three pillars: a technology-agnostic business model enabling best-fit customer solutions with multi-OEM capabilities; unique vertically integrated service lines with in-house logistics and installation teams; and our proven track record in capturing market growth opportunities.

“I am personally pleased to see how much our new partner Jungheinrich appreciates our well-established and successful technology-agnostic business model, as well as our attractive customer base.”